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STEP Research - Succession
Manage episode 462913901 series 2468371
Summary
In this episode of the Family Business podcast, Russ Haworth and Matt Braithwaite discuss the critical importance of succession planning for family businesses, drawing on recent research conducted by the Society of Trust and Estate Practitioners (STEP). They explore the alarming statistics regarding the lack of succession plans and up-to-date wills among family business owners, the complexities of modern family dynamics, and the essential role of professional advisors in navigating these challenges. The conversation emphasises the need for proactive planning, effective communication, and the impact of recent budget changes on family businesses.
Chapters
00:00 Introduction to Family Business Dynamics
06:09 Key Findings from STEP's Research
12:11 Challenges in Succession Planning
17:46 Communication and Family Dynamics
23:47 The Impact of Recent Budget Changes
30:00 Conclusion and Future Considerations
174 ตอน
Manage episode 462913901 series 2468371
Summary
In this episode of the Family Business podcast, Russ Haworth and Matt Braithwaite discuss the critical importance of succession planning for family businesses, drawing on recent research conducted by the Society of Trust and Estate Practitioners (STEP). They explore the alarming statistics regarding the lack of succession plans and up-to-date wills among family business owners, the complexities of modern family dynamics, and the essential role of professional advisors in navigating these challenges. The conversation emphasises the need for proactive planning, effective communication, and the impact of recent budget changes on family businesses.
Chapters
00:00 Introduction to Family Business Dynamics
06:09 Key Findings from STEP's Research
12:11 Challenges in Succession Planning
17:46 Communication and Family Dynamics
23:47 The Impact of Recent Budget Changes
30:00 Conclusion and Future Considerations
174 ตอน
ทุกตอน
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1 Wealth of Wisdom 1:03:21
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1 The Importance of Storytelling 1:02:59
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1 Are you ready to hire non-family execs? 1:04:18
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1 Selling the Family Business Pt.1 1:03:33
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1 Wealth 3.0 - with The Ultra High Net Worth Institute 1:03:02
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